Gold Price Weakness Pushes RSI Towards Oversold Territory
A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the price of gold like the price action seen in…
S&P 500, Nasdaq, Dow Bounce from Lows Ahead of NFP
US Indices managed to rebound and erase earlier losses as investors digest strong economic data.
Monthly Forex Seasonality – September 2022: US Dollar Stronger; Gold & Stocks Weaker
The ninth month of the year typically sees a strong performance by the US Dollar.
Euro Technical Forecast: EUR/USD Plunge Pause at Support- NFP on Tap
Euro plunged more than 4.5% off the August high with EUR/USD now testing technical support at the yearly lows ahead of NFPs. Levels that matter on the weekly technical chart.
US Dollar Soars as Economic Resilience Gives Fed No Reason to Pivot, NFP Eyed
The US dollar, as measured by the DXY index, rises to its best level since June 2002 as better-than-expected economic data gives the Fed no reason to pivot. NFP report…
AUDUSD and NZDUSD Hit Hard on Souring Risk Sentiment, China Lockdowns
The Antipodeans remain under serious pressure as China risks face off against hawkish policy concerns.
Oil Price Technical Forecast: Crude Plunge Threatens Major Break
Oil prices plunged more than 6% this week with WTI now testing a critical support pivot- a BIG moment for Crude. The levels that matter on the weekly technical chart.
S&P 500 Retains Negative Bias Despite Better-than-Expected ISM Manufacturing Data
U.S. manufacturing PMI remained unchanged in August, defying calls for a large slowdown, a sign that the economy remains resilient despite rising interest rates.
S&P 500, Nasdaq 100, Dow Jones Forecast Ahead of Non-Farm Payrolls (NFP)
Stocks have been stung by sellers over the past week and the focus now shifts towards Non-farm Payrolls for clues towards the next move.